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June 9, 2015

Sherritt’s Ambatovy nickel mine workers in Madagascar may strike over possible job cuts

Workers at Canadian company Sherritt International's Ambatovy nickel project in Madagascar are considering industrial action over fears of potential job losses.

Ambatovy, Madagascar

Workers at Canadian company Sherritt International ‘s Ambatovy nickel project in Madagascar are considering industrial action over fears of potential job losses.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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Ambatovy project is claimed to be one of Madagascar’s biggest foreign investment projects, Reuters said.

When Madagascar’s parliament voted in May to sack president Hery Rajaonarimampianina, the state faced a political crisis.

The union’s legal department head Richard Rakotovao told the news agency: "We could go up on strike, but we have to be careful before deciding to move in this direction."

Rakotovao said that the workers are worried about job cuts.

Earlier this year, workers at the mine went on strike.

"We could go up on strike, but we have to be careful before deciding to move in this direction."

In April, the mining company managed to achieve its target production rate ahead of schedule, posting a rise of 11% in quarterly revenue as it increased production.

Sherritt International owns a 40% interest in the Ambatovy venture.

With mine life estimated at 29 years, Ambatovy has a production capacity of 60,000t of nickel and 5,600t of cobalt a year.

The mine is a joint venture between Sherritt, Sumitomo (27.5%), Kores (27.5%), and SNC-Lavalin (5%).

Located in the Alaotra Mangoro region the mine is set on two nickel deposits including the Analamay and Ambatovy deposits and has estimated reserves of 125 million tonnes of ore.


Image: Ambatovy has a production capacity of 60,000t of nickel. Photo: courtesy of Ambatovy.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
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